CIMA Energy Leases 20000 Square Feet From FCA At 100 Waugh Dr Houston
100 Waugh Dr, Houston, TX, 77007
Building Size
20,000 SF
Asset Type
Office
Closing
Feb 14, 2017
AI
The property involved in this transaction is located at 100 Waugh Dr, Houston, TX, 77007, within the Houston market. The leased space encompasses 20,000 square feet, providing an optimal environment for the tenant's operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 100 Waugh Dr, Houston, TX, 77007
- Market: Houston
- Tenant: CIMA Energy
- Landlord: FCA
- Tenant's Representatives: Kevin Saxe, Matt Trozzo, Connor Tamlyn (CBRE)
- Landlord's Representative: David Lee (Transwestern)
This lease renewal involved CIMA Energy, which was represented by CBRE’s team consisting of Kevin Saxe, Matt Trozzo, and Connor Tamlyn. The landlord, FCA, was represented in this transaction by David Lee from Transwestern, ensuring a smooth negotiation process for both parties.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93